The signs aren’t great for UK retail going into the Christmas period as John Lewis reported weak department store sales while Primark are suffering from decreased footfall.
Now the latest figures from Kantar Worldpanel show that the overall grocery market is growing at its slowest pace since March 2017 while Tesco’s, Sainsbury’s and Waitrose are continuing to lose market share to Aldi and Lidl.
All of this gloom is having a knock-on effect in other areas as figures from CBRE show that shops, shopping centres and retail parks saw their biggest monthly fall in real estate value since May 2009 – with the exception of the month immediately following the referendum.
Some say that real estate valuations are likely to continue on the downward trend. If they are right, this will start to hit pension funds who invest in retail property.